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Business Business Adjusted Self- Earned
gross net gross Taxable employmentTotal income
Year receipts profit income income1 tax tax credit
1989 N/A $2,718 $2,718 N/A $354 $354 N/A
1990 $5,879 858 798 N/A 121 121 $110
1991 7,210 3,731 3,467 ($10,833) 527 527 601
1992 16,935 2,702 2,511 (12,689) 382 382 465
1993 14,260 2,368 2,200 (13,400) 335 335 434
1994 15,415 2,127 1,977 (14,173) 300 300 593
1995 12,087 4,271 3,969 (12,581) 603 603 1,352
1996 17,908 4,181 3,885 (10,465) 591 591 1,318
1997 13,724 4,387 4,077 (10,773) 620 620 1,386
1998 55,430 1,993 1,852 (13,348) 282 282 638
29,336 27,454 (98,262) 4,115 4,115 6,897
Total 158,848
Average17,650 2,934 2,745 (12,283) 412 412 766
per
year
1 Petitioners reported no taxable income. This column shows
petitioners’ adjusted gross income minus the standard deduction for joint
filing status and petitioners’ personal exemptions.
By notice of deficiency dated December 29, 1999, respondent
determined that petitioners had unreported income of $149,200 for
1997 (the amount seized from their residence on March 19, 1998)
from petitioner’s participation in the fencing operation.
OPINION
A. Burden of Proof Relating to Petitioner’s Cash Hoard
We first decide which party bears the burden of proving the
amount of petitioner’s cash hoard on December 31, 1996.
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